Find affordable insurance that works for you in New Mexico. Compare quotes from over 100 top companies.
Across the Land of Enchantment, there are 142,940 miles of road just waiting to be driven. We’ll get you prepped, then you take the wheel.
Compare quotes from over 30 insurance companies that provide coverage throughout New Mexico. Enter your ZIP code below to get started.
Drivers with good driving records typically enjoy lower car insurance costs than drivers with histories of speeding tickets, at-fault accidents, or DUI citations. New Mexico drivers without a recent moving violation can save 15% on their car insurance premiums, on average — compared to the national average of 17%. In addition to earning a cheaper premium for driving incident-free, you may qualify for a safe-driving bonus through your car insurance company. The amount of these discounts may vary, but they typically run between 5 and 10%.
|Rating Factor||$ Savings||% Savings|
|No Traffic Tickets||$247||15.78%|
Young drivers (those between the ages of 16 and 25) pay extraordinarily high auto insurance rates, with those aged 16-19 paying the most expensive premiums of all. Because of the risk presented by inexperienced drivers, teens pay more than three times the national average for car insurance. In New Mexico, the typical teen driver pays $4,996 per year, which aligns closely with the national average for all teen drivers.
|Age||Annual Rate with Parents||Annual Rate Alone|
If you have a clean driving record — no at-fault accidents, speeding tickets, DUIs, or other recent citations — you'll probably pay less for car insurance. Conversely, a bad driving record will cause your rates to skyrocket: car insurance premiums typically increase by 34% after a DUI, 33% after an at-fault accident, and 15% after a speeding ticket in New Mexico. The post-citation penalties assessed by car insurance companies after DUI violations and at-fault accidents in New Mexico align with nationwide averages, but drivers enjoy lower-than-average rate hikes after speeding tickets. If you have a clean driving record, be sure to check for good-driving discounts from your insurer.
|Rating Factor||Annual Rate||% Increase|
Each car insurer emphasizes its low premiums. But as with any product or service, the cheapest car insurance isn't always the best choice. Considering the financial stakes, it's worth doing your homework to find an auto policy that will cover your car completely after an incident. Hunt for the best value, instead of settling for the cheapest auto insurance you can find.
Compare major auto insurance companies' financial strength and claims satisfaction ratings to better predict the quality of service you'll receive. Claims satisfaction — assigned by J.D. Power — is rated on a scale of 2 to 5, with 5 being "among the best" and 2 being "the rest." Financial strength — calculated by A.M. Best and ranging from "Superior" to "Poor" — assesses an insurer's financial strength and ability to meet its contractual and policy obligations.
|Insurance Company||Claims Satisfaction (J.D. Power)||Financial Strength (A.M. Best)|
|Cal Casualty||Not Rated||Excellent|
|Central Mutual||Not Rated||Excellent|
The minimum required insurance level in New Mexico is $25,000 Bodily Injury per person, $50,000 Bodily Injury per accident, and $10,000 Property Damage per accident.
For the legal minimum coverage level in New Mexico, expect to pay an average of $609 each year. This average cost is cheaper than the U.S. average by 7%. If you opt for better coverage, you can purchase a policy with comprehensive and collision coverage, which will protect against damages caused by car collisions, theft, vandalism, or weather incidents. Better auto insurance comes at a cost: in New Mexico, a comprehensive policy with a $1,000 deductible runs $1,188, 95% more than liability-only coverage. For a comprehensive policy with a $500 deductible, expect to pay 119% more than you might for a liability-only policy.
Compare usual premiums for basic, better, and best coverage levels below.
|Location||Liability-Only||Comprehensive — $1,000 Deductible||Comprehensive — $500 Deductible|
In New Mexico, drivers are required to maintain liability insurance coverage at or above the below levels:
There is a 10-year lookback period in New Mexico. Multiple DWI offenses in this timeframe result in longer and harsher penalties.
The first three DWI offenses in New Mexico are misdemeanors. Any DWI offenses after the third are considered felonies.
In addition, it is possible to commit an “aggravated DWI” in New Mexico. If a driver’s BAC is 0.16% or higher, additional mandatory jail time will be added to their sentence.
First-time DWI offenses in New Mexico lead to:
If you get a ticket, your car insurance rates will probably rise. By how much depends on the severity of the violation, your insurer's pricing standards, and differing local insurance risks and regulations. That's why tickets may have a different impact on insurance in your state compared to the national average.
Below is a snapshot of average car insurance rates in New Mexico after a few common violations.
|Violation||Avg. Annual Auto Insurance Rate||% Insurance Rate Increase||$ Insurance Rate Increase|
|Hit and Run||$2,239||66%||$887|
|Refused Breathalyzer/Chemical Test||$2,054||52%||$703|
|Driving with a Suspended License||$1,929||43%||$578|
|Driving with an Open Container||$1,598||18%||$246|
|Operating a Vehicle Without Permission||$1,717||27%||$365|
|Passing a School Bus||$1,712||27%||$361|
|Following Too Closely||$1,684||25%||$332|
|Failure to Stop at a Red Light||$1,684||25%||$332|
|Driving Wrong Way/Wrong Lane||$1,684||25%||$332|
|Failure to Yield||$1,684||25%||$332|
|Speeding in a School Zone||$1,649||22%||$297|
|Driving Too Slowly||$1,648||22%||$296|
|Driving with Expired Registration||$1,470||9%||$119|
|Failure to Show Documents||$1,470||9%||$119|
|Failure to Use Child Safety Restraint||$1,470||9%||$119|
|Failure to Wear a Seat Belt||$1,470||9%||$119|
|Driving Without Lights||$1,440||6%||$88|
No. New Mexico is an at-fault state, meaning all drivers are responsible for any damage they cause.
Yes. Car insurance is a legal requirement in New Mexico if you have a vehicle registered and parked on public streets.
You need to maintain at least the state's minimum requirements of 25/50/10 coverage. If you have a loan or lease on the vehicle, you may need to purchase additional coverage.
Car insurance companies calculate your rate based on many factors, location of the vehicle being an important one. The cheapest car insurance is found in Alamogordo, New Mexico, and the most expensive in Albuquerque, New Mexico.
|Rank||City||Avg. Annual Premium|